Historic Maldivian rufiyaa Malaysian ringgit

Maldivian rufiyaa malaysian ringgit history for February 2024. The highest quote for this month is 0.31586 (21/02/2024) and the lowest 0.3151 (21/02/2024). The difference between high and low is 0.24.

MVR MYR average rate for February 2024 is 0.3121, the change between 01/02/2024 and 29/02/2024 is -1.17 %.

01 February 20241 MVR = 0.3098 MYR
02 February 20241 MVR = 0.3099 MYR
03 February 20241 MVR = 0.3058 MYR
04 February 20241 MVR = 0.3058 MYR
05 February 20241 MVR = 0.3092 MYR
06 February 20241 MVR = 0.3113 MYR
07 February 20241 MVR = 0.3127 MYR
08 February 20241 MVR = 0.3121 MYR
09 February 20241 MVR = 0.3137 MYR
12 February 20241 MVR = 0.3144 MYR
13 February 20241 MVR = 0.3144 MYR
14 February 20241 MVR = 0.3145 MYR
15 February 20241 MVR = 0.3147 MYR
16 February 20241 MVR = 0.3133 MYR
17 February 20241 MVR = 0.3098 MYR
18 February 20241 MVR = 0.3098 MYR
19 February 20241 MVR = 0.3133 MYR
20 February 20241 MVR = 0.3137 MYR
21 February 20241 MVR = 0.3156 MYR
22 February 20241 MVR = 0.3153 MYR
23 February 20241 MVR = 0.3141 MYR
24 February 20241 MVR = 0.3097 MYR
25 February 20241 MVR = 0.3097 MYR
26 February 20241 MVR = 0.3140 MYR
27 February 20241 MVR = 0.3139 MYR
28 February 20241 MVR = 0.3130 MYR
29 February 20241 MVR = 0.3134 MYR

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.
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